Emerald Resources NL (ASX: $EMR) Half-Year Results

Emerald Resources NL (ASX: $EMR) has reported a robust first half performance for the financial year 2024, with significant increases in revenue, gold sales, EBITDA, and profit after tax. The company's gold production and exploration activities have contributed to the positive financial results, with cash and bullion totaling A$137.7 million as of 31 December 2023, marking a 53% increase from the previous year.

Executive Commentary on First Half Performance

Emerald's Managing Director, Morgan Hart, expressed satisfaction with the company's exceptional first half performance, highlighting the successful achievement of production and AISC guidance, bolstered by strong gold production. The company's exploration results in Cambodia and the prospects for the North Laverton Gold Project in Western Australia were also emphasized, indicating a sustainable growth trajectory for Emerald as a mid-tiered gold producer and explorer with projects in two continents.

Summary of Half-Year Results and Outlook

Emerald Resources' half-year results for 2024 demonstrate a strong financial performance driven by increased revenue, gold sales, EBITDA, and profit after tax. The company's focus on gold production and exploration activities has contributed to the positive outcomes, with cash and bullion reaching A$137.7 million as of 31 December 2023. The exploration results in Cambodia and the ongoing exploration program in Western Australia provide a promising outlook for the company's future as a mid-tiered gold producer and explorer. With a market guidance for FY2024 of 100,000 to 120,000oz at AISC of US$780 to $US850/oz, Emerald Resources remains committed to sustaining its growth trajectory and delivering long-term value to its stakeholders.